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Home Business News

Dangote Cement revenue hits ₦805 billion in 2017

Onome Ohwovoriole by Onome Ohwovoriole
March 20, 2018
in Business News
Dangote Cooperative plans real estate, banking, others in diversification drive

Alhaji Aliko Dangote, President, Dangote Group

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Dangote Cement today released its financial statements for the year ended December 2017. Revenue increased from ₦615 billion in 2016 to ₦805 billion in 2017. Profit before tax increased from ₦180 billion in 2016 to ₦289 billion in 2017.

 

Dangote Cement FY 2017 results

Profit after tax jumped massively from ₦142 billion in 2016 to ₦204 billion in 2017.
The company is proposing a dividend for ₦10.50 per share.

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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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